Bullish or Bearish: Retail-Investor Oriented Real Estate Investment Managers (Fundrise, RealtyMogul, Cadre, etc.)
Hey All,
Coming up on about three years of experience working on the debt side of an insurance group's AM arm. While I like my current role, the transactions are extremely vanilla and I've been interested in moving to the equity side for some time now. I've spotted an opportunity I think I'd have an inside track on at one of the larger RE Investment managers out there that raises capital directly through consumers (Think Fundrise, Cadre, RealtyMogul) and I'm curious to hear the opinion of other industry veterans on these shops.
Although I'm not crazy about first mortgage lending, I do know that the brand-name of my current shop is taken seriously in the big leagues. My question is this: if someone applied to your shop and had robust and diverse deal experience at a "crowd-funded" investment platform like one of the aforementioned, would you take them as seriously as someone from your typical $1 -$5B REPE shop?
First and foremost, deals speak louder than names in this business. Blackstone and MSREI might turn their noses up at you, but they also turn their noses up at anyone without a Top 10 MBA and/or IB experience.
My concern would be moreso on the stability of those institutions in a downturn rather than whether or not people will judge you for the name. None of these start-ups have weathered a storm yet, and a downturn is a shitty time to have to go looking for a new job. If you're comfortable with that downside, go for it. Just don't make the mistake of getting happy and signing the first offer you get if you aren't totally sold on it.
I think the answer depends on which one you’re at. I might work at Cadre but not Fundrise. I don’t know anything about realty mogul to comment on them
Care to elaborate on why?
PM'd you
Can you PM me too?
Never had any experience with Cadre but have seen some deals that RealtyMogul and Fundrise (dba RSE Capital?) have competed on and they do get competitive for legit deals. I’m not exactly sold that any of these guys are the new wave and are going to be billion dollar public companies in 3 - 5 years but it could certainly be a good gig for 2 - 3 years. Most employees of either on LinkedIn seem to come from reputable backgrounds.
Check out this website. It ranks crowdfunding websites and provides some good info. I don’t think cadre is on there since it’s not really a crowdfunding site. More of a glorified private equity firm.
https://www.therealestatecrowdfundingreview.com/top-100-sites-ranked-an…
Retracted. Don't want to be negative towards a young firm in a way that could discourage good talent from coming on board and making it better.
Totally agree 100%. Same opinion based on knowledge.
Just to provide an update to everyone, I played ball with them until I saw what the comp package looked like. No-fucking-sir!
Which one?
What did the comp look like? And what level was it for (analyst, associate, senior associate, etc.)?
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